Gord Price will be in Australia for the next month, Instagramming and podcasting his way across the country. Follow his coverage here and on Instagram (pricetags), as well as PriceTalks podcast when interviews are occasionally posted.
Evidence from the Sydney Morning Herald on how deeply unserious some decision-makers can be after they approve motions and plans to respond to a housing crisis.
Amid concerns about the scale of development, the government’s latest forecast shows 5700 fewer homes are set to be built over the next five years than was predicted two years ago. …
New dwellings at Ryde are forecast to fall by 10 per cent to 8550 over the next five years, compared with that forecast two years ago. The pullback comes after campaigning by Liberal Minister Victor Dominello against the scale of development in his electorate.
“I’m not against development – I’m against over development,” he said.
“If you start multiple villas and multiple terraces in suburbia, where are they going to park on streets? …”
The forecasts show 10 times as many homes are expected to be built at Blacktown (lower socioeconomic-economic status) over the next five years than the northern beaches (higher).
The 1950 new dwellings predicted for the northern beaches represent a 26 per cent fall on the government’s target for the area in 2017. In contrast, Liverpool in the south-west is forecast to have 12,750 dwellings built over the next five years, a 72 per cent rise on that predicted two years ago. …
Bill Randolph, the director of the University of NSW’s City Futures, said the change in forecasts for new homes likely reflected a slowdown in the apartment market, adding that it would still be a “big ask” to deliver about 41,000 dwellings annually in Sydney over the next five years.
Professor Randolph said a reduction in large industrial sites meant it would become harder to develop high-density areas in inner and middle suburbs of Sydney.
“It’s getting harder now to win the local political battle in getting urban renewal through now that we are running out of the big old industrial sites,” he said.
Read more »